Snack food associations and potato growers will celebrate the anniversary in various events throughout the country this year. Once a small side-dish, the potato chip industry now generates $6 billion a year in the U.S. alone.
Though Sysco has not been linked to any of the troubles surrounding Ahold, Fleming and others in the food industry, some investors worry that the company may be dealing with other issues, including slowed growth and falling prices.
Multinational entities are beefing up security ahead of a possible war with Iraq. Increasing hostility toward Americans has already led to boycotts of some goods, security alerts and attacks on buildings overseas.
Costco Wholesale said a $16 million expense to shore up its worker compensation reserve contributed to the 5.4% drop in fiscal second-quarter earnings. Club stores have seen slumping sales as consumers cut spending and supermarkets reduce prices.
Despite the FTC's move to block the $2.8 billion deal, Nestle SA and Dreyer's Grand Ice Cream say they hope to complete the deal in the first half of this year. "We have signaled our willingness to put things on the table. We have announced the willingness to make divestments and [hold] talks. The talks with the FTC are ongoing," said Nestle spokesman Francois Perroud.